Mississippi Income Tax Return for Insurance Companies
Extracted from PDF file 2019-mississippi-form-83-391.pdf, last modified August 2019
Income Tax Return for Insurance CompaniesReset Form Form 83-391-19-8-1-000 (Rev. 04/19) Mississippi Print Form Insurance Company Income Tax Return 2019 833911981000 Tax Year Ending Tax Year Beginning FEIN Mississippi Secretary of State ID CHECK ALL THAT APPLY Legal Name and DBA Address City State Amended Return Accident and Health Final Return Fire and Casualty Life Insurance Zip +4 Accrual Basis County Code NAICS Code Receipts and Disbursements Basis COMPUTATION OF TAX X (ROUND TO THE NEAREST DOLLAR) Combined income tax return (enter FEIN of reporting company) 1 Mississippi net taxable income (from page 2, line 17A or Form 83-310, page 1, line 5, column C) 1 .00 2 Income tax 2 .00 3 Retaliatory taxes paid to other states (Mississippi corporations only; from page 4, part V, line 1) 3 .00 4 Income tax credits (from Form 83-401, line 3 or Form 83-310, page 1, line 5, column B) 4 .00 5 Net income tax due (line 2 minus line 3 and line 4) 5 .00 PAYMENTS AND TAX DUE 6 Overpayment from prior year 6 .00 7 Estimated tax payments and payment with extension 7 .00 8 Total payments (line 6 plus line 7) 8 .00 9 Net total income tax due (line 5 minus line 8) 9 .00 10 Interest and penalty on underestimated income tax payments (from Form 83-305, line 19) 10 .00 11 Late payment interest 11 .00 12 Late payment penalty 12 .00 13 Late filing penalty (minimum $100) 13 .00 14 Total balance due (if line 5 is larger than line 8, add lines 9 through 13) 14 .00 15 Total overpayment (if line 8 is larger than line 5, subtract line 5 from line 8) 15 .00 16 Total overpayment credited to next year (from line 15) 16 .00 17 Total overpayment refunded (line 15 minus line 16) 17 .00 See instructions for electronic payment options or attach check or money order for balance due. Form 83-391-19-8-2-000 (Rev. 04/19) Mississippi Insurance Company Income Tax Return 2019 833911982000 Page 2 FEIN COMPUTATION OF NET INCOME 1 A MISSISSIPPI Direct premiums (except accident and health premiums) .00 .00 Less: return premiums B COMPANY-WIDE 1A .00 1B .00 2 Direct accident and health premiums 2A .00 2B .00 3 Reinsurance assumed 3A .00 3B .00 4 Considerations for annuities 4A .00 4B .00 5 Considerations for supplementary contracts 5A .00 5B .00 6 Unearned premiums (December 31st, prior year) 6A .00 6B .00 7 Gross investment income 7A .00 7B .00 8 Other income 8A .00 8B .00 9 Total net income (add line 1 through line 8) 9A .00 9B .00 10 Unearned premiums (December 31st, current year) 10A .00 10B .00 11 Reinsurance ceded 11A .00 11B .00 12 Dividends to policy holders 12A .00 12B .00 13 Total deductions (add line 10 through line 12) 13A .00 13B .00 14 Gross income (line 9 minus line 13) 14A .00 14B .00 15 Total deductions allocated and apportioned (from page 4, part III, line 23) 15A .00 15B .00 16 Less: Mississippi net operating loss (from Form 83-155, part I, line 2) 16A .00 16B .00 17 Net taxable income (loss) (line 14 minus line 15 and line 16; enter amount 17A from 17A on page 1, line 1 or Form 83-310, page 1, line 5, column C) . 00 17B . 00 DEDUCTIONS MISSISSIPPI NET TAXABLE INCOME Check box if return may be discussed with preparer I declare, under penalties of perjury, that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, this is a true, correct and complete return. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Date Officer Signature and Title Paid Preparer Signature Paid Preparer PTIN Date Paid Preparer Phone Business Phone Paid Preparer Address City State Zip Code Mail Return To: DEPARTMENT OF REVENUE P.O. BOX 23050 JACKSON, MS 39225-3050 Form 83-391-19-8-3-000 (Rev. 04/19) Mississippi Page 3 Insurance Company Income Tax Return 2019 FEIN PART I: EXPENSE APPORTIONMENT RATIOS A MISSISSIPPI B COMPANY-WIDE C MISSISSIPPI RATIO Applicable ratio(s) used on page 4, part IV, line 2 1 Loss adjustment expenses (direct losses) 2 Accident and health expenses (direct premiums and reinsurance assumed) 3 Other underwriting expenses (direct premiums (less return premiums), annuity considerations and reinsurance assumed) Investment expenses (gross investment income) 4 1A 1B 1C . % 2A 2B 2C . % 3A 3B 3C . % 4A 4B 4C . % PART II: DEDUCTIONS ALLOCATED 5 A MISSISSIPPI B COMPANY-WIDE Losses, death benefits, accident and health benefits (less applicable recoveries) a Paid 5Aa .00 5Ba .00 b Unpaid at December 31st, current year 5Ab .00 5Bb .00 c Unpaid at December 31st, prior year 5Ac .00 5Bc .00 6 Loss adjustment expenses allocated 6A .00 6B .00 7 Matured endowments 7A .00 7B .00 8 Annuity benefits 8A .00 8B .00 9 Disability benefits 9A .00 9B .00 10 Surrender benefits 10A .00 10B .00 11 Payments on supplementary contracts 11A .00 11B .00 12 Net additions to reserve funds (required by law for liquidating policies at maturity) 12A .00 12B .00 13 Commissions 13A .00 13B .00 14 Gross premium privilege tax 14A .00 14B .00 15 Other allocable taxes 15A .00 15B .00 16 Rent, allocated 16A .00 16B .00 17 Agency expense (attach schedule) 17A .00 17B .00 18 Medical and inspection fees, allocated 18A .00 18B .00 19 Other allocable deductions (attach schedule) 19A .00 19B .00 20 Total allocable deductions 20A .00 20B .00 Form 83-391-19-8-4-000 (Rev. 04/19) Mississippi Page 4 Insurance Company Income Tax Return 2019 FEIN A MISSISSIPPI PART III: DEDUCTIONS APPORTIONED B COMPANY-WIDE 21 Non-allocable loss adjustment expenses 21A .00 21B . 00 22 Total apportioned expenses (from page 4, part IV, line 3) 22A .00 22B .00 23 Total allocated and apportioned deductions (line 20 plus line 21 plus line 22; enter on page 2, line 15) 23A .00 23B .00 PART IV: DEDUCTIONS APPORTIONED (FROM ANNUAL STATEMENT) Expenses must be separately apportioned. Attach supplementary pages to return as needed. Page Line 1 Totals (total column A minus total column B) 2 Applicable expense apportionment ratio (from page 3, part I) 3 Total apportioned to Mississippi (multiply line 1, column C by line 2, enter amount on page 4, part III, line 22) PART V: RETALIATORY TAXES PAID A Column ( ) Description B Less Allocable Expenses C Balance Apportionable . (MISSISSIPPI CORPORATIONS ONLY) Itemize retaliatory taxes paid by state and attach copies of returns documenting amounts. Attach supplementary schedules as needed. A Taxing Authority B Amount A Taxing Authority 1 Total amounts (total amounts from column B; enter amount on page 1, line 3) B Amount %
More about the Mississippi Form 83-391 Corporate Income Tax Tax Return
We last updated the Income Tax Return for Insurance Companies in February 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Mississippi Department of Revenue. You can print other Mississippi tax forms here.
Other Mississippi Corporate Income Tax Forms:
|Form Code||Form Name|
|Form 84-105||Pass Through Entity Tax Return|
|Form 83-180||Application for Automatic Six Month Extension for Corporate Income & Franchise Tax Return|
|Form 81-110||Fiduciary Return|
|Form 84-110||S Corporation Income and Franchise Tax Schedule|
|Form 84-131||Schedule K|
Mississippi usually releases forms for the current tax year between January and April. We last updated Mississippi Form 83-391 from the Department of Revenue in February 2020.
Form 83-391 is a Mississippi Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Mississippi Form 83-391
We have a total of eight past-year versions of Form 83-391 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Mississippi Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.